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2007年固定资产投资同比增速虽有所下降,但在地方政府换届、企业盈利增长等因素的推动下,2008年固定资产投资将再度升温。虽然目前尚未出现全面通货膨胀,但2008年物价上涨压力不容忽视,通货膨胀威胁增大。2007年以来人民币对美元汇率升值加速,但对欧元和日元却相对贬值,导致人民币实际有效汇率升值有限,2008年人民币升值步伐会有所加快,但不会迅速地大幅度升值,汇率水平将呈现攀高震荡格局。2007年股票市场在持续攀高之后出现大幅震荡,预计2008年股票市场牛市格局不会变,股价震荡可能加大。
Although the growth rate of fixed asset investment in 2007 declined year on year, investment in fixed assets will heat up again in 2008, driven by changes in local government and corporate earnings growth. Although there has not yet been a full round of inflation, the upward pressure on prices in 2008 can not be ignored and the threat of inflation has increased. Since 2007, the exchange rate of Renminbi against the U.S. dollar has accelerated, but the relative depreciation of the Euro and the Japanese Yen has resulted in the appreciation of the real effective exchange rate of Renminbi. In 2008, the appreciation of Renminbi will accelerate but will not rapidly and substantially appreciate. The exchange rate level will be Showing the pattern of climbing turmoil. In 2007 the stock market continued to climb after the sharp concussion, the stock market is expected to not change the pattern of the bull market in 2008, the stock price volatility may increase.